I have been a "silent" member for the past year, and am 1,000 hours into the 10K hours of training (The last week is worth at least 500 hours!). Made lots of mistakes and misunderstood quite a few of Phil's calls, … some actually made money when reversed. The chat (Including the politics) is very engaging (Many great minds with international coverage), and a great companion, while nursing a trade gone wrong, through the night. The webinars (despite technical difficulties) are extremely useful. Thanks for your coaching … it has made me a consistently profitable trader, with a better understanding of what I do not know.

Aquila

Phil: well, often you say, just for FUN, great comment, TXS,
closed 2 SKF positions, one with 10 % , the other with 6 % gain,

RMM

HOTT / Got great trades with it: Enter 6.75 at open, out at 7.18 (avg) at 10:13
Reentered at 7.00 and out all 7.11 few minutes ago- Was a small play but I collected enoght for next month PSW subscription.

Spider

Thanks for you guidance – Your "student" will be passing on the McMuffins and having Lobster dinners tonight!

Aquila

Phil: I cleaned up today. A rather stark contrast to my untutored performance April/May 2009, after I had written to you to explain how wrong-headed your bearishness was. Many thanks.
I ran into someone once who played on the Bulls with Jordan for quite a few years. He was asked what he had learned from playing with MJ for so long. He smiled and said "Give him the ball."

Zeroxzero

Phil - Wow…wow. The vision and inate grasp of the options world you posess is rather staggering. It's this type of experience that I really hope to develop. I'm afraid I still can't see the moves, but I WILL learn. I cannot thank you enough for the patience, knowledge and effort you put into this place. Please keep it going!

Where

Phil, I've got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!

Samlawyer

WOW, look at DRYS go. Nice call on the entry the other week Phil. I got 200 at $6.66 and sold a 7.5 call for $.50, then on the tear today sold another 7.5 call for $1. This should puts me in at an average of $5.91 and called away at $7.5 for a profit of $300+ after commisions. Once again another Phil trade pays for this months membership.

Craigzooka

Brilliant covering of the arcane, the profane , but never the mundane!
Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.

Seeking Truth

Phil fantastic call on the markets… I owe you BIG…thanks and have a great weekend!

Kustomz

GIVE THANKS/PHIL
Have not done my 10,000 hours, but a couple of years at PSW, and moved from fishing with a single line to owner of a commercial trawler (metaphorically speaking). Now I fish with many lines. It is amazing when you go over the same information time and time again, eventually it clicks. Like planting trees; being the house, 20% sale items, selling into the excitement. and patience. I just sold an AAPL Jan 12 340/390 BCS financed by the sales of Jan 12 275 Put. The trade was put on one year ago for a net credit and exited five minutes ago for a 49 dollar per contract profit. No point in waiting till opex to see what happens, and I will just sell 10 of those VLO puts to make myself net the round 50.
I no longer worry about opex coming as I have adjusted well in time for most positions that go against me. I still make some howlers (RIMM, TBT, TRGT) but I play the percentages and my winners outdistance my losers by many miles.
I would never be in this position if it were not for Phil. He is a treasure, pure and simple. The goose that lays the golden egg if we care to listen and practice. Phil, a mighty big thank you.

Winston

Great call on expe Phil! Went long 50 shares and sold for a nice profit! And Great call on the nkd shorts as well. I didn't use a stop that tight and was able to cover for a $400 gain. Works been keeping me pretty busy and I'm jealous of all the members who are able to check in here more often! It's almost always quite profitable! Looking forward to Vegas!

Jromeha

Best year I've ever had…sitting on a 52% YTD return. I would also echo Nat's shout out for Phil's talent. I've been a member for the 6 years or so. Just stay true to the strategy I've learned over the years of selling premium, keeping the bulk of my portfolio in long-term buy writes ("armchair" trades).

JJennings

Thanks, Phil!!! I just crushed today with it with silver (SLV) calls today, thanks to your persistent reminders of how ridiculously cheap it has become, and watching my TSLA this week $240 puts dissolve into chump change added an extra note of amusement.

Zeroxzero

Thanks, I managed to make 2k today so I am happy…and feel like I am finally getting it. New equipment and a quiet place to work helps a lot. I am happy for all the members that took your /NKD advice….that was fun I am sure! coke Take your vitamins…I don't know how you do all this! but, keep it up!

Coke

I have an under 50k account that im trading I dont do all the trades but pick and chose to keep diversified.
With what Ive learned from being a member I average $400 to $800 per week trading futures

BertII

Phil - Your logic not only makes sense, but it made a lot of premium profit for me over the past 12 months. I have recovered much of the massive equity losses of last year. My Monday play is the sale of long term puts on FXI. Love the premium!

Gel1

Oxen (directly) and Wilkinson (indirectly) are making me a great day trader! Props to Andrew for another little nugget last night: HIG. $20 Dec calls paid 6% quickly this morning. And helloooo STJ - a few days, but nice pick nonetheless - esp with early cover premium.

Dstillwe

I thank you for the years of being my teacher, always took the time to answer my questions.
You are the BEST !

QCMike

Best day ever trading the futures, thanks to Phil's excellent call this am, and his "play the laggard" instruction. Well done Phil!

Deano

Phil,
thank you for the thorough response(s). I joined this group last week to take my education to the next level. the school i am involved with very good at calling out levels but very little live trading and little help in managing a position going against you.
I like the combo of knowing where the major levels are coupled with your approach to getting in. learned a lot this week.
thank you!

DawnR

Just closed out my V put for 50% in 24 hours thanks Phil!

Humvee

Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect

DKGuy

GOOG, NFLX and AAPL all bought last hour Friday. Sold into the excitement the first hour today for an average of 15% on the options. And lots of them. Thanks again Phil for teaching me so well.

lflantheman

Hi Mr. Phill, I am a Venezuelan lady tormented by our politicall situation, who use to be an emerging market trader, and many other executive positins in the finance "arena" and now is trying to built a new concept and service for asset management for clients on my own, I am in the trial and learning process at the moment, I also invest for some friends and myself. I want to congratulate you , because reading you fill my days with a touch of irony (besides ,of course the spectacular market insight) that happens to give me energy, its a joy the remarks and comments even the pictures used, sometimes I just read it for the fun, I completily agree with your thouhts, though we belong to totally different cultures and enviorements and certanly realities Your readings is like a little hand helping me out to be in the market and fight for my devastated country where every single day we looe inches and yards of liberty. You shoul try to writte a book!

Mindeyes

1,000% on SKF - It was a freakin' monster into the center field bleachers! I saw it play out live and squawked it from the StockTwits ID which 14k people follow: Home run trade of the week @philstockworld just knocked cover off ball w $SKF puts. http://bit.ly/piBL Great trade bud!

Phil Pearlman - StockTwits

Wishing Phil and all fellow PSW members a Happy, Healthy and Prosperous New Year 2017! Thanks to all of you for your insights and comments which help make me a better investor every day. Wishing everybody the best of luck for 2017

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours.
Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading "professional newsletters" and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!

Eyezz

Phil, I meant to post over the weekend, but I was busy having fun . Last week was a very nice week for me, and I wanted to thank you for all that you do. I am pretty much back to cash and really feel like I am learning. I have out performed the $5kp by a very large margin. Thanks again for the service you provide.

Scotbraze

I want to thank you for sharing your wisdom with us. I've learned a lot (and still am) about your trading strategy, but also I see a man who truly cares about our country, America. Thank you.

Autolander

Phil-
I would like to echo the sentiments of dclark41. Joining this site was the best thing I have ever done to aid my growth as a trader/investor. There are so many smart and experienced people here sharing their ideas that regardless what your investing style is you will learn something daily. Thank you and all the regular contributors for your generosity.

Acd54

Thanks Phil, I have adjusted my position by getting rid of the IYF puts, and selling the FAZ puts. You have so many of these awesome little tricks in your playbook that it really amazes me. I toally love your analogy by the way: Do you want insurance that you have to pay for, or do you want insurance that pays you?

Craigzooka

Phil: That NFLX call was awesome. The speed at which NFLX options decayed was precipitous. The blow out spike that allowed me to double and roll my callers to 190(!) and the ridiculous 170 weeklies @3.50 a day away from Op-Ex. The gains I realized in that trade floored me when I took a long at my portfolio value on Friday. What a great way to start the 3rd Quarter.

Kinkistyle

Phil - I LOVE these futures trades at random hours! I wasnt able to get in on the 612 part but if I had it wouldve been 130$ (2.6%) on a 5k contract in less than 30 minutes. I know you have to sleep, spend time with fam, ect but Im just letting you know that your posts after hours/late at night has made people who followed them a decent chunk of change. Thank you, we appreciate it!

Jromeha

CZR – well that was fun! Opened the play yesterday. As the arb premium was now almost all gone from the box spread today, I just decided to close it. The rundown, after all commissions: my net was $183.51 profit for an overnight trade tying up $2000 margin in an IRA account. That's a 9% overnight return (3200% annualized!) …And all that learning, too! Thanks PSW!

Scottmi

Phil
Killed it tonight trading copper. Anyone who jumped in right after election is up about 75k on one contract!
Thanks

Kapella

I have an under 50k account that im trading I dont do all the trades but pick and chose to keep diversified.
With what Ive learned from being a member I average $400 to $800 per week trading futures

BertII

hil, I hit my targets for the year in my 401K (thanks in no small part to your site), so I cashed out of all positions a couple of weeks ago. Feels good... I'm conservative with this money –looking for 2% per month, which i've been able to do… thx.

Lunar

WOW, glad I went bearish… Phil, thanks for the help on the QID calls yesterday, I turned it into a partial cover rolling down to the Feb 52s selling the 55s 1/2 covered. Sold 1/2 and now lowered my cost basis to $4.38 on the $52s (fully covered).

Texasmotion

It is hard to learn the process that Phil teaches, but it is worth the effort. I think it is finally sinking in & so I say Thanks teacher for your patience & expertise! I've had a very good week so far & I know it is because of persisting in this learning process that you teach.

Pirateinvestor

I have been a member of Phil's site for three years and counting, and my advice is that all investing takes time. There are o shortcuts, no secret way to riches. Same with Phil's site- you need time and patience to start benefitting fully from his advice. But it is often spot on and also very useful, especially to me as I try to keep a level head in this turbulent stock market environment.

Jordan

/NKD- Kownichiwa Cowboy!! One week of patience and scaling in and out pays off. This is a testament to Phil's fundamental analysis with the PSW technique. Thanks Phil.

I like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.

jjennings

Phil I must say that it was really nice to have a portfolio that was looking very stable in the face of a rough day for the markets. I ended the day up 0.3% which includes another successful day of futures trading. So with a portfolio of mostly cash, a few of our faves like Apple and LL, JO, TOL, DIS, etc., along with a couple of hedges that paid off nicely today, and my futures trades, I never had to break a sweat during that madhouse today. Yes, by George (or Phil), I may be learning this system!

Craig

I would like to thank Phil and PSW crew for the insight and assistance (even the liberals).
In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.

Texasmotion

You are doing a fantastic job. I think most of us our very well balanced and consequently have learned how to manage through these ever so short declines in the market without panic.

Dclark41

The virtuous trade / Phil throws out so many ideas, that understandably he rejects all calls for a running total of how all ""quoted"" ideas are performing – it would be unworkable. But without such a list, I think it behooves us to call out the trades that have made a difference. January 13 expiration is going to be a big month for me as a significant number of sold put positions will expire worthless. One example of the power of patience and leaving well alone:
VLO – sold Jan 13, 17.5 puts for $3.45 – and this trade was placed in August 2011. VLO is currently a tad over $35!
And as time went by, and I got more experienced – with the help of Phil and the contributions from board members, I started selling short term puts and calls around this position. Sometimes having to roll, sometimes doubling down but always knowing what I was getting into, and feeling very calm and focussed that whatever happened I could handle it. And if I couldn't then there was always Phil to lend a helping hand. All in all, my profits since August 2011 would qualify as a tidy addition to any earnings from the day job.
Thank you Sir.

Winston

I have to thank you for excelling yourself during this past week. I have spent a good few hours going over your notes and comments and there are so many gems on repairing and rolling trades that I have been beavering away on paying special attention to my major positions and analysing them using your approach on Tuesday. Being able to look at a group of trades on the same underlying (in this case AAPL) and taking a detached view by assessing the impact of the underlying reaching different price points was extremely reassuring.

Winston

Phil — gotta thank you for your advice this week, and especially today. I took many aspects of your advice this morning, with all of my shorts -- being prepared on the short side, selling into intial excitement, taking the money and running, not being greedy. I also made money on the your /QM and /YM calls. It used to be I would be terrified of weeks like this one. Now, it feels somewhat comfortable, for want of a better word.

Escohen5

I am an investor, not a trader. The information at Phil's World is top-notch and always relevant. It is great to see your website thriving.

Prof

WOW!!!!!!!!!!!! How will I ever do anything else in my life that will compare to the wild ride you get trading an ultra etf in the most volatile sector in the stock market the day before option expiration?

Matt1966

Phil thanks. You never cease to amaze me with your thoughtful perspective on a myriad of different issues and challenges. It's kind of an embarrassment of riches since I joined this board a few years back. The ride from Dow 9,000 or was it 8,000? up to Dow 15,000 seems hard to believe. I wish I could have it all over again, except with the capital I have now.

Winston

On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.

Iflantheman

Thanks to Phil (again) for the lessons on the art of the roll, selling premium and hanging tight under fire (particularly in the first hour of trading-MADNESS). Watching you manage the $25KP has really helped my trading in a big way.

Oknoman

Brilliant covering of the arcane, the profane , but never the mundane!
Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.

Seeking Truth

It was a nice day thanks to your help! Made over $1100 shorting TF every time it came up near 1260 and even more by going long oil before inventory under $46 and then waited patiently for the spike up into the close where I shorted it at 47.70 or so. Phil you gave me a road map and I simply followed the signs along the way.

Well, it's been a day and people are already freaking out because we haven't flown back to 2,850 and it's going to be a while before they realize 2,850 shouldn't have happened in the first place and it's more likely that this (2,700) is the top of the range, not the bottom – at least through Q2. On our Big Chart, 2,640 is the 20% line on the S&P and, even being generous, THAT should be the middle of a range we move 5% up (2,772) and 5% down (2,508) in, so call it 2,500 to 2,800 with 2,650 the middle line. That's where I think we'll settle once all the dust clears.

As you can see, from the S&P chart using our predicted lines and the Fibonacci series above and below them – everything is proceeding as I have forseen for the past 3 months and now we get to see if earnings season can keep us in the green end of our trading range or not. Remember, I can only tell you what is going to happen and how to make money playing it (3 months in advance!) – the rest is up to you…

In fact, on Thursday, 2/8, I said in our Morning Report:

I also like /TF over 1,500 and /NQ over 6,600 and /NQ is lagging and likely to pop big if we get moving. /YM 24,800 and /ES 2,675 will confirm and tight stops if 2 of the 3 fail to hold those lines!

As you can see, we're following the 5% Rule™ pretty much to the penny so it's not a good time to "think" when we can just watch and see what happens. If the market is recovering, we should get back over that strong bounce line (2,728) and hold it into the weekend and, if the weak bounce line (2,684) fails to hold this morning – it's more likely we head back down than up.

We hit 2,728 on the nose and that long play of 53 points was good for gains of $2,650 per contract and flipping short at our mark and riding it down to 2,550 the next week was good for gains of $8,900 per contract so – you're welcome! We never made our downside goal of 2,500 (2,535 was the low) but the year is young and we're expecting some earnings disappointments begininng next week – oh, and Trump is still President!

Well, for now – the wagons are circled but they are getting picked off one by one. Anyway, Trump turmoil aside, we're still in our predicted trading range and the closer we get to the top, the more we want to short and the closer we get to the bottom – the more we want to go long. See – not complicated at all…

At the moment, we are shorting the S&P Futures (/ES) at the 2,700 line but we can't be sure we hit it so we short 1x at 2,697.50 and another 1x at 2,698.50 to average 2,698 on 2x short and then, at 2,699.5, we short 2x more and then we're averaging 2,698.75 on 4x short and we stop out at 2,700.25 with a 1.5 loss, which would be $75 per contract (4x!) and then we simply wait for a cross below 2,700 to short again with tight stops. We'll see how that works out tomorrow.

What we have, so far, is a very low-volume rally that makes the majority of its gains in the even lower-volume Futures so our theory is that a big line like 2,700 on the S&P is likely to be rejected and, since we've run up for no reason from 2,660, that's 40 points and our 5% Rule™ says we can expect at least a 20% (of the run) retrace back to 2,692 and that's good for $400 per contract, so why not play it since we're only risking a $75 loss?

A strong retrace would be another 8 points to 2,684 and, below that, it's a fail and we begin to look back down to 2,650 for support.

We have 3 Fed speakers today (Quarles at 10, Harker at 11 and Super-Dove Evans at 1:40, so likely they'll try to keep us afloat as we digest the first week of solid earnings. Industrial Production and Chain Store Sales were both good this morning so no major reason we should do more than retrace a bit off this run. Other than that, it's a watch and wait kind of day.

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Phil / TNA – On Monday you put out the TNA BCS 41/47. As I mentioned I work during market hours so on Tuesday morning on my way out the door (premarket) I put in an advanced TOS '1st trigger sequence' order to fill the BCS. I can control the entry using this method vs. the vertical entry that TOS allows for the BCS. I filled the June 41 long call but never filled the 47 short call. I let that ride into today. OMG ..TNA popped 7.5%!… the $3.60 entry is almost a double! Tomorrow will be a OCO bracket to get out of TNA before Ben speaks. I should be able to preserve 85% – 100% on the trade. For the income portfolio plays in my IRA's, doing very well… I do like collecting premium! Well done and thanks!

JFawcett

Hey Phil - writing to thank you!
First of all, and I know you have heard this a few times form some others - the portfolio updates you have done - with entries and targets and even margin reqs are invaluable!
I find myself understanding what is done here IN THEORY most of the time..however, there is a much bigger difference in placing and setting up the hedges properly than just understanding…This has been eye opening for me and Ifeel like I just took a major step in trading during the last week.

Bcfla

Phil…..You have absolutely NAILED IT! This is not a bull market, nor is it a bear market. It is a Rangeish market, and it's going to stay that way for a long time (the latter is my prediction. I love the word. What I love more is the fact that I've found someone with some investing intelligence greater than mine who can assist me in playing this type of market. Your description today of how it's playing out is right on. I predict some media ‘guru' will steal your word and your description within the next few days and we'll all get to read about what ‘they' discovered about this market. Thanks Phil!

Iflantheman

Phil - I followed your great pick re F and sold short the 1011 2.50 puts (200 contracts) and paid for the next 10 years of membership fees…. Thanks!

Gel1

I want to thank you for the FREE LL trade. I This was the first spread trade for me and promised to join your service if I made money. I closed the spread last week and will be joining next week when we return home.

Captain Mogul

Phil, You were on the $ today with your calls almost exactly on the turns – Krap kuhn krup (Thai for thank you very much).

Jomptien

Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.

Zeroxzero

I have been here a year, and made most of my money back from the 14K fall. The people here are more than willing to help whe Phil cannot get to it. FWIW - This site is my brokerage firm, I was with Wells Fargo Portfolio and it was costing a fortune to trade, the costs here are more than offset with the data, trade ideas and profits you should make.. and I get a chuckle out of Cap and Phil's rantings on healtcare, guns, oh, yeah, and government….

Pharmboy

Hi Phil,
Thanks for the free disaster hedge ideas. I implemented variations of two of them on SDS bull call spreads and EEM bear put spreads (haven't done the TZA yet) and they really hedged my short term longs nicely today. Makes it seem a lot less like gambling.
You are the man (of the people)!

Howard Roake

That was a quick double on the DIA calls. trailing stop in place.

Kwan

Phil, thanks for the webinar and options subject…I wasn't shown as attending but I was there for most of it. Your memory amazes me, your speed on the computer amazes me, your math skills blow me away. coke

Coke

Phil: Thank You!
Scaling, Scaling, and Scaling… then patience, patience, patience I'm 2 to 1 short and even on a day the broad market is up I had my largest one day gain in years. The last 6 weeks in fact have been great. I really feel I've learned to use some tools that will enable me to deal with the turbulence ahead. Selling short calls is definitely my preferred approach. Even allowed me to play golf this afternoon while the premium melted away and shoot a career low round. I owe you man!

Lincoln

I have been here for 8 yrs, and find it the best service out there. There are more eyes on the market in this forum than anywhere, and opinions abound. So, relax, and let the group help you out.

Pharmboy

I like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.

jjennings

Just closed out my V put for 50% in 24 hours thanks Phil!

Humvee

I've recently done exactly what Phil described. I upgraded my ability to trade the IRA acct. by transferring acct. from TDA to TOS. TDA would not allow spreads; TOS does. Neither will allow naked options. With spreads I am able to buy calls or puts several months out then sell front month calls or puts over and over. This allows me to collect premium, which is, of course, the goal. This wasn't an original idea. Phil put me onto it. Since the transfer I've substantially increased my performance in the IRA!

Iflantheman

Phil, I just wanted to say thanks for being there. The world needs more of you. Your site continues to positively change my life daily.

Chasw

Thx Phil. Lightly moving in the bullish direction. Took PFE for $14.35 and sold the Jan 11 C/P for $2.85 giving me a net entry below Mar 09 low. And I bought back those calls on BTU and JPM I asked about the other day and am leaving them uncovered for now, so feeling better. Still just learning the rhythm.
In the three months I have been using your system, my little portfolio is up 9.9%, so not only am I learning, but I am APPLYING that knowledge, and it's paying off. Thanks.

Hoss

Thanks for your thoughts against buying BP ahead of earnings (yesterdays' member comments). It announced a loss of $3.3b and is down 3% in pre-market but still just above the bottom of the chaneel of $40-$50.

mSquare

Way to go Phil! Have I said how much I appreciate your site lately! Your ability to teach and your willingless to give others a forum to demonstrate their own skill sets makes your site remarkable. I got great help from you, jmm1951, and Iflantheman (special thanks!) today. Hell, if I have many more days like this I may even be able to sign up for a full year rather than doing it just quarterly. Tomorrow is another day but, fabulous job today!

dclark41

Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect

DKGuy

Phil...The hundred grand portfolio updates are helpful...Fun ..and have been profitable...really like em... made some nice entries into USB, KEY today... and I better add those FAZ calls tomorrow... Really glad you put that up this morning...

Becker

Sold the BG puts I got yesterday at $1.30 for $2 just now. Might be a little early, but I'm happy with that gain. Thanks Phil.

Smasher

I traded with Phil for approximately three years, and consistently averaged 80% returns yearly... some of which was due to my skills as a trader, but much was a direct result of what I learned as a member of Phil's site.... both from Phil, and the many talented traders that hang out there. Phil... if you are reading along... thanks, again for the approximately $ 3 mil I made tagging along with you.... in order to make you feel good for the work you did... I gave the government 50% of it all, so you made your contribution....

1234Gel

Phil - It is nice being more discipline with my trading. Generally, I am out earlier than most, but my results, overall, are much better than they were when I was trying to squeeze 80 cups of lemonade out of one lemon! On the other side, I am learning the value of rolling and turning losses into non-losses or small gains. I so appreciate the time you have spent with me and others who have benefited greatly from your knowledge. Thank you!

Probably the best approach and method I have ever seen for the public and I have worked for some serious traders at the biggest houses doing research. Those guys all have various forms of inside info that you and I do not and cannot have. Davis simply has a great system based on a very deep understanding and experience that gives him market savvy that is very real. A very smart guy and he shares it for a fee. He knows how to use options to great advantage and make money trading.

DowntoEarthThinking

By the way thank you Phil for the DNDN idea. 3x till this morning and will 4x my small investment by next OE THANKS !!!!

Microflux

Phil, have to thank you for saving me today. I think the discipline I have learned from this site has helped me as much if not more than the actual picks.

Rustle123

Phil I must say that it was really nice to have a portfolio that was looking very stable in the face of a rough day for the markets. I ended the day up 0.3% which includes another successful day of futures trading. So with a portfolio of mostly cash, a few of our faves like Apple and LL, JO, TOL, DIS, etc., along with a couple of hedges that paid off nicely today, and my futures trades, I never had to break a sweat during that madhouse today. Yes, by George (or Phil), I may be learning this system!

NFLX / Phil – You can use NordVPN to watch that Star Trek show. Installing it is really easy and it's cheap. And having a VPN installed on your PC is a good idea when you travel anyway, if you are going to connect using public WiFi. And you can also install that VPN on your phone or tablet and using it is really simple. Some VPN are blocked by Netflix but so far, so good with NordVPN.

In a talk given today at the American Association for Cancer Research's annual meeting, Google researchers described a prototype of an augmented reality microscope that could be used to help physicians diagnose patients. When pathologists are analyzing biological tissue to see if there are signs of cancer — and if so, how much and what kind — the process can be quite time-consuming. And it's a practice that Google thinks could benefit from deep learning tools. But in many places, adopting AI technology isn't feasible. The company, however, believes this microscope could allow groups with limited funds, such as small labs and clinics, or developing countries to benefit from these tools in a simple, easy-to-use manner. Google says the scope could "possibly help accelerate and democratize the adoption of deep learning tools for pathologists around the world."

The results show that the combined option strategies of buying puts and selling calls against the index generated higher returns and have better return to risk characteristics. The numbers are economically significant and should be persuasive even to motivate any investor to take a closer look at the value of these strategies as a hedge fund alternative.

These are really simple strategies but still pay off better than traditional hedge funds.

I'm easing into the weed stocks and just a heads up on MPXEF. It has started a move up with heavy volume. Canada had a glitch with their roll out scheduled for July because of politics (what else) but it looks like the bottom had been reached. Imho.

Google is in talks to acquire Nokia Oyj’s airplane broadband business as the Alphabet Inc. unit seeks to tap into new services and reach more users by offering in-flight high-speed internet, people familiar with the matter said.

~~Nokia (NOK) initiated with a Buy at Berenberg.:

From Briefing~~ NOK Follow Up- Just wanted to highlight that NOK would be a beneficiary of the ZTE news.

Not very exciting, but I've held it for some time and now have a near zero cost basis in the stock following Phil's formula.

Keep sit in your hands, market is buying the idea that content offer is so powerful that suscription rates can be increased with no problems, and from my personal experience I agree, most of the subscribers are fellows that has been paying 30- 70usd /month for mediocre content, so if they say me to pay 10 instead of 9 …I will do it.

Analysts are raving about the Q1 report turned in by Netflix (NASDAQ:NFLX) as they boost estimates for 2018.

"We believe Netflix has built the ideal model for global distribution of premium video in the internet era, and it is working to improve the efficiency of that model at a rapid pace that others cannot currently match," writes KeyBanc's Andy Hargreaves. The firm lifts its price target on Overweight-rated Netflix to $385.

Morgan Stanley points to the "rare combination" of an subscriber beat and margin guidance boost out of the streamer. MS also has an Overweight rating on NFLX to go along with a price targe of $370.

Pivotal Research hikes its price target on NFLX to a Street-high $420 on a glowing assessment of Netflix's momentum within the media/cable industry.

GBH Insights calls the subscriber tally out of Netflix "eye popping" as it maintains an Attractive rating and price target of $375. "We believe Netflix has built the ideal model for global distribution of premium video in the internet era, and it is working to improve the efficiency of that model at a rapid pace that others cannot currently match," writes analyst Daniel Ives.

Most sectors are higher, with consumer discretionary (+1.1%) and information technology (+0.9%) leading the charge.

"The Q1 earnings season has started solidly," says FBN Securities chief market strategist Jeremy Klein. "Corporate executives have not only easily beaten extremely aggressive top and bottom line estimates in aggregate but have also spoken effusively about their business prospects. Nothing matters more for the health of the rally than the ability of companies to churn out profits."

U.S. Treasury prices are slightly lower, pushing the benchmark 10-year yield up a basis point to 2.84%.

GE Healthcare (NYSE:GE) is upping its bet on biotechnology with the launch of prefabricated manufacturing units for producing virus-based gene and cell therapies, novel anti-cancer treatments and vaccines.

Interest in such medicines, which use engineered viruses to carry healthy genetic material into the cells of sick people, has soared as the first wave of gene-fixing drugs reach the market.

GE expects to have a $1B-a-year gene and cell therapy business by 2025.

Sood raises his near-term steel price forecasts to reflect current market strength but expects prices to turn lower over the summer as import volumes start to increase due to Section 232 exemptions and exclusions.

Nucor (NYSE:NUE), U.S. Steel (NYSE:X) and Steel Dynamics (NASDAQ:STLD) seem to price in hot rolled coil prices at $625-$675/ton vs. spot prices of ~$880/ton, Sood says, adding that prices will struggle to fall through the $700/ton level given the strength of global commodity prices.

Analysts are quick to point out that China's relaxation of foreign ownership rules for automobile companies isn't so much of a concession linked to tough trade talk from the U.S. as it is an opportunity for China to significantly increase its status as an automobile manufacturing hub.

Over the long-term, the rule change is expected to boost some Chinese automakers and set up the nation to be the "world's factory" for electric vehicles and the EV supply chain. In an important reminder, Macquarie Capital Research points out that foreign auto makers may also find it difficult and costly to extricate themselves from their current joint ventures in China.

Also keep an eye on auto parts stocks today as the China reset mixes up the long-term picture.

U.K. unemployment benefit claims fell to 11,600 from 15,100 in the three months to February.

The unemployment rate fell steady to 4.2%, below the consensus forecast of 4.3%.

The number of people in employment in the UK rose 55,000 in the three months to March, in line with expectations.

Average earnings, excluding bonuses, rose by an annual 2.8% in the three months to February, compared with 2.6% in the prthree months to January and including bonuses, pay growth rose by an annual 2.8%

The economists still expect China to ease as Beijing forces local governments to scale back infrastructure projects to contain their debt, and as property sales cool further due to strict government controls on purchases to fight speculation.

Advill-Interesting your take. I've never paid a dime for Nflx and probably never will. My son has subscription and it is used heavily in TCI where he lives. I've enjoyed some of the content, but certainly very little .I agree the canned quality of cable is awful and what they charge for nonstop ads atrocious, but we watch so little we basically are PBS fans. Doing a lot more streaming of content. After a check GS also has no cash and is running on borrowed $.. I contend of Phil's valuation method and bubbles eventually pop. Digging into the financials of these high flyers is certainly enlightening. Also SMG is supposedly linked to cannabis growth.

NFLX/Tangled – I can't do that. I have Tivo and I'd say 4 is my absolute limit for watching the same show and that's rare but maybe Gotham or Game of Thrones if I want to catch up and make an evening of it. Usually I watch 2 and switch to something else.

Well 2nd time not a charm on /ES so up $300 and down $75 so far. With /YM over 24,800 – there's no bearish play but we'll look for failures there and 1,580 and 6,790 though, of course, /NQ 6,800 is the next level where we're likely to get at least a weak retrace (from 6,650 so 30 points back would be a nice $600). Notice we did consolidate though at 6,760 so that may negate the need for a pullback.

Variety takes an in-depth look at MoviePass (NASDAQ:HMNY) in a new article that delves into the company's explosive growth, business model and chances for long-term success.

"It’s become the fastest-growing paid-entertainment subscription service in history, signing people at a greater clip than Netflix or Spotify. All that disruption in the movie theater business has created enemies and fueled skeptics, but whether MoviePass survives or dies, it has undeniably shaken up an industry that hasn’t changed much since the silent era," writes Brent Lang.

Lang points out that MoviePass losses could pile up this summer as the biggest blockbusters hit theaters and the service's high mix of subscribers located in high-ticket priced cities factors in.

Looking ahead, he notes that MoviePass ''like Amazon or Netflix, it wants to build market share, believing that establishing a passionate user base is more important than short-term profits. It’s willing to lose money, lots of it, to get that kind of leverage."

Like AMZN, all they have to do is not lose so much money and it will be considered a huge victory.

And so much for the pullback:

I think, over $5, there will be a nice squeeze as the shorts panic out (54% short!).

One more thing – If I didn't have TiVo, I wouldn't watch TV. There's about 20 mins of commercials in an hour show – what an insane waste of time! Also, I never just watch TV, I'm always reading or playing games with the kids or chatting with friends so it's generally a background thing. If it were just me and Jackie, we'd always have music on too but Tina and Maddie can't deal with music and TV at the same time – even though Jackie and I consider them totally different things that don't interfere with each other.

NFLX / Phil – The current valuation is non-sensical, but as opposed to AMZN, it's possible to make a case for a payday soon. If they keep adding subscribers at the same rate they are now, revenues should more than double 5 years down the road. Not sure that subs growth is sustainable but it has not slowed much at all, quite the contrary and the original content does help. Mix in a rate increase and it's possible to imagine revenues of $20B or so in that 5 years period. They drop $8B on original content now and even if you have add 50% to that number, that would be $12B then. That leaves a lot of potential profits! And a lot for more original content to drive growth.

Not saying that it will happen, but that's not an outlandish scenario at all!

And I agree with TIVO/DVR – if I am watching a show with commercials, it's just background and I am doing something else. That's why I pay for Netflix and Hulu. Just 20 minutes of my time watching commercials is worth more than the $25 I pay….

NFLX/StJ – I just wish they would spend as much money on scripts as they do on sets and actors. They rely too much on their "formulas" for shows and don't spend money making sure the content is good. It's like ads on the internet, they know they'll grab a good audience with a good headline, so why make the effort to work harder just to make them happy once they click? We are used to consider a show a success if it gets good ratings and lasts a long time but all they care about is that the shows SOUND like something people want to watch so they subscribe and once they subscribe, X% tend to stick around as they wade through the archives looking for gold nuggets.

Microsoft President Brad Smith says, ““The devastating attacks from the past year demonstrate that cyber security is not just about what any single company can do but also about what we can all do together. This tech sector accord will help us take a principled path toward more effective steps to work together and defend customers around the world.”

Holy crap, the LTP gained 4% today! I say cash it out and let's take the rest of the year off. We'll do a series of seminars in various tax havens around the World and invite accountants and lawyers who specialize in helping people expatriate – just in case…

CMG/Den – In the LTP, we did sell 3 April $300 calls for $14 and they are now $37.90 so we will be rolling them to June somethings but keep in mind that, when we sold the $300s, they seemed just as safe as the ones you are thinking of selling for the same price. It's a stock that can burn you. Fortunately, we are up a mile on the rest of the spread to make up for it.

From the LTP:

Short Put

2020 17-JAN 270.00 PUT [CMG @ $337.84 $11.24]

-5

1/2/2018

(640)

$-17,600

$35.20

$-13.65

n/a

$21.55

-

$6,825

38.8%

$-10,775

Long Call

2020 17-JAN 300.00 CALL [CMG @ $337.84 $11.24]

10

2/14/2018

(640)

$57,500

$57.50

$26.65

$84.15

-

$26,650

46.3%

$84,150

Short Call

2020 17-JAN 350.00 CALL [CMG @ $337.84 $11.24]

-10

2/14/2018

(640)

$-41,000

$41.00

$17.20

$58.20

-

$-17,200

-42.0%

$-58,200

Short Call

2018 20-APR 300.00 CALL [CMG @ $337.84 $11.24]

-3

2/16/2018

(3)

$-4,200

$14.00

$23.90

$37.90

$7.95

$-7,170

-170.7%

$-11,370

We're well on track for our $50,000 return on the net $5,300 credit spread so the only question is how much we'll have to give back on the short calls. At the moment, we're down $24 on the short calls and we only need to roll the loss ($7,200) along and, as our ace in the hole, we don't mind doubling up on the longs either.

This is one of those times a spread went our way right away and we would have rather if it traded lower first so we could have rolled the calls down and doubled down on the position (to the tune of FU CMG, of course) while we wait for the price to begin reflecting the value again. Unfortunately, that didn't happen and CMG went straight up so we're only up about $9,000 so far.

I don't think they deserve $360 and $400 would be a stretch for the year and the Jan $360 calls are $30 so that's an even(ish) roll we could make but, as I said, I'd rather just roll the $7,200 loss to the June $340s at $18 so $4 of those is $7,400 and we're still pretty well-protected.

Looking ahead, if we get burned again, that means our longs are way in the money and we could initiate 10 more spreads like the 2020 $370 ($54)/$420 ($33) bull call spreads at $21 and, since we have just 4 short June $340s – lets say they hit $30 because we're at $370 in June. The delta on the 10 short $350s is 0.58 so figure $18 more for them is $75 ($75,000) and we could then roll them to 20 short Sept $370 calls for $30 (the price of the $340s now) and cash the 10 long $300s for $102 (price of the $270s) so $102,000 pays for 20 $370s but we'd just buy 10 more and pocket $50,000 leaving us with 20 2020 $370 calls, 10 short 2020 $420 calls and 5 short 2020 $270 puts covered with 20 short Sept $370s and call it 25 by the time we deal with the short June $340s.

So then we have a $100,000 spread that's at the money and about $50K in pocket – how's that for advanced planning?

Generally I rough that out in my head and also run the numbers for down 10% and, obviously, flat is a big winner and down a little is a winner and up a little is a big winner so, if none of those outcomes bother me – I simply say the position is "On Track" and ask you what you are worried about!

IRS website is down, agency says keep filing… Likely to waive penalty for late filing for a day or two.

Short 10 day play on CAH sell the April 27th strangle 64/62.5 C/P for 1.82 and buy the stock at present 63.18. combined return 8.8 %. Even that this could lead to an assignment, the stock could be used for a longer armchair trade even that the div. is just under 3%. However the stock runs at the lower side of the scale.

They landed in Phila after one of the windows broke and they lost cabin pressure! I would need a drink or two before I get into another flight. Although statistically speaking, one airplane mishap in your life is probably the max you can expect.

List/Options – Well I like all of them but not sure at what price. PG is having margin issues and is not cheap at $78.25 since it's about 20 times their $4 earnings with little growth. I know that seems "cheap" compared to other idiotic prices but I prefer to play assuming reality sets in before Global Warming kills us all. TXN requires a lot of study as chip cos go in and out of fashion and VLO is not even a tiny bit cheap and I'd short them if I didn't like them so much – play OIH to catch up.

GIS also nice and boring and well-priced at $45, those should go in the LTP in the very least selling puts. Let's make this play official for the LTP:

Sell 10 GIS 2020 $45 puts for $5.15 ($5,150)

Buy 20 GIS 2020 $40 calls for $7.50 ($15,000)

Sell 20 GIS 2020 $52.50 calls for $2.20 ($4,400)

That's net $5,850 on the $25,000 spread that's $10,000 in the money to start. Profit potential is $19,150 (327%) and, of course, once we're at $50 we can sell some calls like 5 short July $50s for $1+ and, if we collect just $500 every quarter, that's another $3,500 we can bank on the trade.

CAH/Yodi – Nice demogaphics for them.

Mascot/Jabob – I find that insulting and demand to be named Chairman because there's no one better than I am!

CMG/Taihu – Shame you didn't press them when they were down. It's a bit of a high target and you missed the cheap rolls and double downs. The Jan $380s are $23 so not too much loss if you do something about it. The $440s are $9, total rip-off. I'd cash the $380s for $11,500 and roll to 5 of the 2020 $320 ($71)/400 ($39) bull call spreads at $32 ($16,000) and that's a much more realistic target on a $40,000 spread and just let the short calls die on the vine and then, next year, sell quarterlies for more cash.

HMNY/Scott – Yeah, I'm not that bullish.

Sothwest/StJ – Oops, that's how we're going to Albuquerque next month (wedding). I guess you could say it's encouraging they can take that kind of beating and still land safely…

Apparently netflix has some sort of method of dealing with VPNs, havent tried myself but a friend was telling me he was using a VPN to try to access netlflix American content and they were still able to somehow determine he was using a VPN and block it, not sure if anyone else has had the same experience?

VLO – I am still in a VLO play, to get some of my losses back from our old butterfly position, and I'd like to see if you think I should adjust it. I really didn't expect VLO to show so much strength (up almost 80% in the past 12 months) My position is as follows:

20 2020 80/90 Spreads – Currently about 7.00

-10 2020 $75 puts – Currently $3.40

-17 2020 $85 Calls, currently at $23.

I'm showing a $12k loss for the year, and I was down last year as well. Interested in your thoughts on potential adjustments. Thanks.

GIS also nice and boring and well-priced at $45, those should go in the LTP in the very least selling puts. Let's make this play official for the LTP:

Sell 10 GIS 2020 $40 puts for $5.15 ($5,150)

Buy 20 GIS 2020 $40 calls for $7.50 ($15,000)

Sell 20 GIS 2020 $52.50 calls for $2.20 ($4,400)

That's net $5,850 on the $25,000 spread that's $10,000 in the money to start. Profit potential is $19,150 (327%) and, of course, once we're at $50 we can sell some calls like 5 short July $50s for $1+ and, if we collect just $500 every quarter, that's another $3,500 we can bank on the trade.

Palo VLO it is hard to make comments on your positions as one does not know what were your entries.

BCS is more or less OK, short puts as well but how you land up with 17 2020 85 callers against a set of 20 BCS is hard to understand. You underselling you 80/90 BCS by 7. Further you should not have more than 1/2 of any short calls against a BCS. If the calls were at least like my cherry calls in 2018 I would say you do have at least 7 to many. Looks to me that you might indeed have a nice loss on this situation. Possible VLO goes down to your BCS range again, but oil has recovered very nicely, so I do not see VLO going down to much from the present position. Possible Phil as usual can wave his magic wont.

Looks like I won't have the LTP update done but will finish tonight. The rest are easier.

GIS/Jabob, Bshing - Yes, sorry, was the $45 puts for $5 in the LTP!

VLO/Palotay – How are the $75 puts still $3.40? Anyway, can't fix it with 17 short 2020 calls, really need to rework more than that. The 2020 $80s are $30 and the 2020 $90s are $22.50 and it look like the 2020 $85 calls are $25.50 – maybe you meant Jan?

Anyway, I'll assume Jan $85s and realistically, you are simply cashing out and taking the loss ($12K) and it's up to you whether you want to use VLO to get it back. The problem is, your bet would really be a fairly bearish on on VLO and is that what you really want? I don't see playing them more bullish but bearish is scary the way they've been going (and the way the market is going). Do you REALLY want to own VLO if they do take a dip?

I would find two other trades that make $6,000, like GIS above but, if you REALLY want to be in VLO, I'd go like this:

Sell 10 VLO 2020 $90 puts for $7.50 ($7,500)

Buy 15 VLO 2020 $90 calls for $22.50 ($33,750)

Sell 10 VLO 2020 $105 calls for $14.25 ($14,250)

That's net $12,000 so you've effectively doubled down and your in a $22,500 spread so even if it works out but the point of the 10/15 spread is now you can risklessly sell 5 May $105 calls for $4.15 ($2,075) and, if you do that 6 times over 2 years, there's your $12,000 back and you still have the $22,500 spread. If VLO goes higher, you can stop a couple up or even roll to 2x and, if it goes lower, you can sell more calls, put a stop on 1/2 the short calls and roll your 2020 longs to a lower strike.

You have to make the adjustments though, you can't watch it like a deer in the headlights if it moves against you.

HMNY/Albo – Wow, hard pushed back to $4. Motley Fool did a hit job on them this afternoon.

Motley Fool, like Seeking Alpha, lets pretty much anyone contribute content and that means half the people contributing content (maybe 70%) are trolls working to push stocks up or down. You have to take their stuff with a massive grain of salt!

Always check out the author and what they've written before:

Name:

Rick Munarriz

Fool Since:

May 11 1997

Aliases:

TMFEdible (9/22/2004)

Where I Live:

Coral Gables, FL

Gender:

Male

This guy, at least, has a bit of a track record but notice how bot-like his click-bait titles are – very suspicious. Even more bot-like is that he "wrote" 8 articles on Jan 10th between 3:53 and 3:58 then nothing for a month, then two months later.

VLO – Your premise was that the market was extrapolating a good quarter, and assuming they had dramatically increased their profitability, and therefore the run was unsustainable. It was hovering in the mid 90’s which would have given me a 20k gain between March and the end of the year if it stayed there. So I held on. This push above $100 happened very quickly, and I didn’t want to react too fast, just in case it didn’t hold. Now it is getting ugly. Do you think this run is supported by the fundamentals?

VLO/Palotay – Yes but the premise played out in Jan/Feb and we quit them, having been burned once. Had we not, I would have doubled up and widened the longs to accommodate the forced 2x roll on the short calls. Once the short calls overwhelm the backstop, you are then bearish on a trade you wanted to play bullish so how can you have conviction about anything at that point?

VLO/Jet – We're tilted bearish in the Butterfly Portfolio with 15 short March $72.50 calls we sold for $7. I'm expecting things to calm down after OPEC – even if they do extend cuts. It's going to be tricky to play with next earnings at the end of Jan. Gasoline is up almost 20% since Oct but so is oil so not likely to be a better crack spread and demand isn't exciting so I'm willing to stay short but, if that's not how you intended to play (aggressively short) then take the money and run – there will always be something more sensible we can trade.

VLO/Learner – It's way ahead of itself but you'll have to wait for earnings for it to correct, most likely. Last Q they made a fat $1.91 due to an unusually favorable crack spread and people are extrapolating like that's what they'll earn from now on. Usually, more like $1-$1.25. Up 2.25% today on no news at all – it's just a market frenzy but you can always add a few more calls to cover and put stops on your lower ones.

Again, this is why the market will crash – you can't just randomly price companies up 50% and expect them all to perform for you.

VLO/Learner – Things just go up and up. I would think oil has risen faster than gasoline and that's bad for VLOs margins. Have to wait for earnings but, if earnings justify the move, the March $87.50s are $10 and the Jan $95s are $10 so not a terrible roll and you can offset with 2020 $75 puts at $5.65 to give you even more room to run before even doubling down on the longs.

Oh no, a guy was killed on that plane as a piece of engine flew off, broke his window and killed him.

I was on a 777 on Sat (very nice) and what freaked me out on that one was the end of the wing is VERY flexible and flapped up and down like a bird in turbulence. I was sitting there trying to remember everything I could about metal fatigue and was having a hard time reassuring myself that this was a good thing…

Anyway, I never like sitting over the wing and now I have a better reason to avoid!

Phil, that GIS trade is very close to the one I suggested about a week ago. Good to know that I'm getting close to your thinking after all these years. "One trade I am looking at is GIS, who has been beat up for issuing more shares and buying a new product line, which they have done successfully before. Trade idea is buying the '20 42.5/52.5 BCS, and selling the 42.4 puts for a credit of .53. Worst case is a 6% discount on this dividend payer which has increased its dividend for the last 14 years in a row."

And I also don't like sitting close to the engine if I don't have to! Not only the noise, but engine failure does happen as we saw today. Normally they have a ring that prevent shrapnel, but evidently that failed today.

BitCoin up 20% in last couple of days but GreenCoin is up 116% today! I spoke to BDC and, due to favorable laws, we're going to look to reinitialize the foundation (that gives greencoins in exchange for carbon credits) in Wyoming and create a new, dynamic web site that tells the story, etc. This is aimed for around July and we'll talk about it as it goes along.

PSW Investments has about 150M GreenCoins, currently at $0.001742 ($86,107) that we paid nothing for as we bought 4 BitCoins for $600 each, used 2 to buy the GreenCoins 2 years ago and then BitCoin split and we sold our two BitCoins for about $17,000 each and the 2 BitCoin Cash for another $4,000 each so we're well ahead of the game and we've debated sticking with GreenCoin or starting fresh but I think there's great value in working with a coin that's been around since early crypto days AND one that we are simply an investor in, not a founder – as it's less legally complicated that way.

Anyway, in December, I was banging the table on GreenCoin at 0.00044 and we promised to accept GreenCoin as payment for annual Memberships in January at that price so people could get in with downside protection. As it turned out, GreenCoin went up 300% so the Memberships were free and 200% profits left over – a good trade!

Unfortunately, at 0.00174, we have a sale in for 15M at 0.003 ($45,000) so I'm not telling people to chase it but we will put a floor in at 0.0009 and accept that exchange rate for Membership payments in April so, if BitCoin goes below that price – you have a good floor to buy in at.

I believe, with the proper promotion, we can possibly get GreenCoin on a major exchange and get the price up over a penny, which is more than 5x from here. It's very, very speculative and the whole thing can collapse overnight but a penny would be $1.5M for PSW Investments on our $0 investment, so I like our odds!

This has been a very interesting experiment in getting people involved in crypto – we set a floor by accepting Membership payments at a certain price, which guarantees you can't lose money on the trade and then you guys can buy when it's low and save money while we wait until it's high and make more than we would have – it's an actual win/win.

If only we could do that with stocks, we could let people pay us in HMNY or FTR….

Note: The material presented in this commentary is provided for
informational purposes only and is based upon information that is
considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW)
nor its affiliates
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This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.